Recognising the improved financial performance and strong liquidity of the business, the Fintel PLC Board is to announce an interim dividend of 1.0p (H1'20: nil). It is the Board's intention that this will be paid on or around 4 November 2021 to shareholders on the register on 1 October 2021. The Board intends the ex-dividend date to be 30 September 2021.
As previously communicated in their annual results for the year ended 31 December 2020, the Board intends to adopt a progressive dividend going forward.
Other financial highlights include:
Solid Revenue growth - up 10% to £31.7m (H1'20: £28.9m)
Strong Adjusted EBITDA - up 12% to £8.3m (H1'20: £7.4m)
Solid adjusted EBITDA margin - up 60 bps to 26.1% (H1'20: 25.5%)
Adjusted PBT - up 12% to £6.0m (H1'20: £5.4m)
Adjusted EPS - down 2% to 4.1p (H1'20: 4.2p), after one off tax charges
Robust cash flow conversion of 81% (H1'20: 65%)
Strategic deleveraging - proforma net debt to EBITDA ratio of c.0.2x (H1'20: 1.5x)